PRACTICAL IMPLICATIONS OF IRS SECTION 987 FOR THE TAXATION OF FOREIGN CURRENCY GAINS AND LOSSES

Key Insights Into Tax of Foreign Money Gains and Losses Under Section 987 for International DealsUnderstanding the complexities of Section 987 is vital for U.S. taxpayers involved in worldwide deals, as it dictates the treatment of foreign money gains and losses. This section not only needs the recognition of these gains and losses at year-end howe